Multiple Choice
If the rate of separation is 0.02 and the rate of job finding is 0.08 but the current unemployment rate is 0.10, then the current unemployment rate is ______ the equilibrium rate, and in the next period it will move ______ the equilibrium rate.
A) above; toward
B) above; away from
C) below; toward
D) below; away from
Correct Answer:
Verified
Correct Answer:
Verified
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